Tokenomics
The Tokenomics of RECOV is designed to allocate resources efficiently and ensure a balanced distribution of tokens. Below is a detailed breakdown:
Circulating Supply (70%):
This portion represents the tokens that are currently in circulation and available for trading. It ensures liquidity and facilitates transactions within the ecosystem. The circulating supply supports various use cases, including staking, rewards, and liquidity pools.
Locked Supply (10%):
A significant portion of tokens is allocated for development purposes, supporting ongoing updates, bug fixes, feature enhancements, and overall improvements to the app. To ensure stability and prevent misuse, these tokens are locked and released gradually through a 6-month vesting schedule, with a portion becoming available each month. This structured approach promotes transparency, sustainability, and the long-term growth of the platform.
Rewards, Future Developments (10%):
Rewards tokens are allocated to incentivize user participation and engagement within the app. A small portion of tokens is reserved for future developments and potential upgrades. This ensures that the app remains flexible and can adapt to new trends and market demands. The allocation supports continuous innovation and the app's evolution over time.
Team (10%):
The team tokens are allocated to compensate the development team, advisors, and key contributors. This ensures they are incentivized to work towards the app's success and align their interests with the long-term vision of the project.
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